Homes in Sicily, Italy, sold for one euro — with a catch

In parts of Italy, homes are practically being given away with a price tag of one euro. But the deal comes with a catch. Seth Doane reports.

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[Dreyno]

“That’s a castle”. Proceeds to not show the castle.

[Omega-bvoo]

We just gonna ignore the fact the lady had a giant key to a castle and we didn’t get to see it?

[DiamondButter]

Other countries: “Oh no overpopulation!”

Italy: *”Pizza, pasta, houses for a dolla.”*

[baronwynter]

So we're going to skip that theirs a castle for sale.

[Pwndbythnb]

1 dollar homes are a sure way to create an Airbnb town

[blancavelasquez]

It’s either this or the one dollar Detroit homes...

[christiantuccio]

I'm an Italian who lives in Northern Italy. While I'm readingg some of the comments people post on Youtube, it seems that they don't know what's really going on in Sicily. Houses run old, but it doesn't mean that they are worth so low. On the contrary, some houses taking back to 16th century can be worth thousands and thousands of dollars. The older the house, the higher its value. The guy who wears the white shirt is correct. Apart from the first house, we must pay property tax on other houses. But it has nothing to do with housing in Sicily. Local governments are proposing and selling houses for €1 in order to attract foreigners and foreign capitals and to convince them to set up new businesses down in Sicily and make tourism flourish again. Due to the economic crisis back in 2008, people faced losses and banks were less willing to lend money to make investments. With Monti as prime minister back in 2011, Italy had to cut public expenses, especially Healthcare, Education and other public services and added more taxes. So, tourism has plunged and many business owners had to close down forever. In conclusion, the €1 house is a subsidy to relaunch local economy based on tourism, and make these charming hamlets, which I suppose are the most beautiful all over Europe and probably the world, revive and let foreign citizens establish their residence permanently there.

[Student_OfLife]

Is no one going to acknowledge that CBS sent a cameraman just to video the ladies having video-chat with the anchor 😂

[nwieuswernm]

Sicily: *filled with culture and history*

Lady: gOod geLaTo~

[victorsalvador]

I’ll be back, I’m gonna buy a whole city!

[ahmedsaid]

Well I have a Euro ! But If only I have enough for the flight ticket !!

[jeremiahstromberg]

renovation scammers have got to be thrilled right now.

[Carfalog]

That’s cool, but anyone hiding Vito Andolini will regret it.

[ayliose]

Anyone else think it weird that this guy skyped those people while they also had cameras there while they skyped?

[kaleoy]

At least one doesn't have to bring their own rocks.

[bossatroneon]

I wanna see a diy show where people buy these and fix them themselves

[scabbage]

Excuse me. Fifteen of those castle houses plz. Here's a $20 and keep the change.

[schrodingerscat]

Now, just to learn the language, earn enough to get there, find a job there..

[saturncrush]

What is sad is how all the comments are Americans looking for a reprieve from the US property pricing issues?

[javiergomez]

looks like its one earthquake away from becoming rubble lol